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BSE Sensex seen up; Maruti, Hindalco watched

Monday, Sep 06, 2010
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(Reuters) - The BSE Sensex is set to rally on Monday after fewer U.S. job losses than expected eased fears the world's largest economy could be headed to a new recession and boosted Asian equities.


Leading car maker Maruti will in be focus after its parent, Japan's Suzuki Motor Co, said it would build its fourth plant in India boosting output to 1.5 million units a year.


Aluminium and copper maker Hindalco Industries will be on the radar after its chairman said late on Friday the company plans to spend $2.1 billion in the current financial year ending in March.


The MSCI's measure of Asian markets other than Japan gained 0.7 percent by 0251 GMT, while Japan's Nikkei firmed 1.5 percent.


The Nifty India stock futures in Singapore were up 0.5 percent, pointing to a firm open in the domestic market.

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